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Leopalace21 Braces for 27.3-B.-Yen Net Loss for FY 2019

Leopalace21 Braces for 27.3-B.-Yen Net Loss for FY 2019

   Tokyo, Nov. 7 (Jiji Press)--Leopalace21 Corp. <8848> said Thursday that it expects to incur a consolidated net loss of 27.3 billion yen for the year to March 2020, against the previous forecast of 100 million yen in net profit.
   The major apartment rental company will book 10 billion yen in extraordinary loss due to expenses related to its shoddy construction scandal, including costs for improvement work.

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